Earth Dragon Resources, Inc. (EARH)

[QualityStocks]

Earth Dragon Resources, Inc. is an exploration stage company focused on acquiring, exploring and developing mining properties. Currently, the company is developing gold deposits in the Ashanti Gold Belt in Ghana and the Lupa Goldfield in Tanzania. Earth Dragon has significant international potential due to the robust demand from the gold market.

In Ghana, the company has identified an area of mineralized quartz veins averaging 1 meter in thickness, and a shear zone as wide as 10 meters striking SW-NE for about 700m in a series of sub-parallel structures approximately 500m apart. Presently, 35 people are excavating and sampling gold targets on the Nkwanta Concession focusing on previously identified hard rock vein deposits.

In Tanzania, the company has identified a shear zone as wide as 10m and mineralized quartz veins averaging 100cm in thickness which strike SW-NE for about 700m in a series of sub-parallel structures approximately 150m apart. Tanzania has become one of the fastest-emerging gold producers in Africa and is now the continent's third-largest gold producing country.

The macroeconomic environment, including a weakening dollar, the sovereign debt crisis in the Euro-zone, increased liquidity and loose fiscal policies, are supporting higher gold prices. Since 2001, gold prices have quadrupled, rising to all-time highs of over $1,400 an ounce. According to industry estimates, gold prices are expected to near $2,000 per ounce by the end of 2011.

[armedical]

Between rising gold and gas prices, natural resources seems like the best investment choice at this point. I just hope that all the political unrest doesn't continue to spread throughout the African continent.

[mwest]

Wow what a mind blowing fact this is, "gold prices are expected to near $2,000 per ounce by the end of 2011." With everyone looking at mining to be a taboo subject right now, the fact is it can make a lot of money.

[stockseeker30]

Money is what we are in desperate need of right now, mining has it's minuses and it's pluses as everything else does.

[protostars]

Although Ghana remains the second biggest gold producer in Africa, next to South Africa, what most people don't realize is how fast Tanzania, in southeast Africa, has become a big player in the gold market. People are constantly opening new mines there.

[QualityStocks]

Earth Dragon Resources Inc. (EARH.OB) Finds Gold in Diversity

The seemingly insatiable global demand for gold has had the effect of bringing together people with diverse talents from around the world, all in the expanding search for the increasingly valuable yellow metal. It has also led to the diversification of locations explored.

A case in point is Earth Dragon Resources, a gold exploration and development company. The company is based in Tokyo, but is currently looking for gold in Africa, specifically in Ghana and Tanzania. In addition, the management of the company comes from both Japan and the U.S. Still more diversity is seen in the varied backgrounds of the management team.

Thomas Herdman (CEO) – Mr. Herdman is an internationally known management consultant and financial advisor, with 17 years of experience in natural resource and energy related projects, including the financing, development, acquisition, and sale of oil and gas assets. He previously held the position of Lecturer at Chuo University, Faculty of Law, and resides in Tokyo.

James Park (Director) – Mr. Park is a Certified Senior Geologist, with over 25 years of experience in all phases of geotechnical and mineral resource development. Since 2008, he has been an independent mining consultant, and earlier served as a geologist with a number of mineral and oil companies. He resides in Arizona.

Jiichiro Date (Director) – Mr. Date came from a background as a world-class athlete, wrestling coach, and leadership consultant in business. He has competed in the Summer Olympics and World Championships, and has coached various national teams in the U.S., Japan, and Canada. He continues to lecture around the world, and resides in Tokyo.

Earth Dragon has identified promising gold sites in both Ghana and Tanzania, with the goal of developing and producing at both locations, from 4,000 to 10,000 troy ounces of gold.

For more information, visit the company’s website at www.EarthDragonGold.com

[mwest]

Diversity is very evident here with Earth Dragon especially considering the background of Jiichiro Date very interesting to see what he will bring to the team. Really enjoying the increase today as well 0.18 a share and up 0.015 ( 9.09%)

[stockseeker30]

I thought the same thing myself mwest but being a wrestling coach at his level of competition and the national fame that it brought him, really says alot about his leadership skills and his ability to work as a team to accomplish a common goal. Looking foward to seeing how it all plays out today looks great though at 0.183 a share and up 0.018 ( 10.91%)

[protostars]

Seems to me that everything depends on Parks. He's the one with geology/gold experience who has to evaluate and decide what's good and what's not.

[QualityStocks]

Earth Dragon Resources, Inc. (EARH.OB) Commissions New Technical Study of Chisu Gold Project, Tanzania

Earth Dragon Resources, Inc. today provided an update to investors regarding efforts underway at the Company’s Chisu Gold Project (“Chisu”) in Tanzania, Africa. According to the release, the company has engaged an independent contractor to develop a current National Instrument (N.I.) 43-101 compliant engineering report for the joint venture gold property.

Earth Dragon recently disclosed a previously published report commissioned by a third party in 2009 which provided invaluable data that has greatly assisted in the determination of overall viability. Containing significant and highly encouraging data, the report included details of previous regional efforts by Barrick Exploration Africa during 2000.

The Chisu Gold Project consists of a contiguous area encompassing gold deposits in the Chunya Mining District straddling part of SW and Eastern Tanzania over an area of approximately 60 hectares in a region known as the Lupo Goldfields where gold was mined between 1922 until about 1962. The average ore grade during the known production period was 13.4g/t. The gold occurs in quartz veins ranging between 30‐180cm in width.

Undertaking the new assessment will utilize the latest scientific and technical methods to identify, validate and estimate the extent of gold mineralization present throughout the Chisu property. Earth Dragon’s management decided to make this comprehensive study of the property the company’s first priority in Tanzania in order to develop an effective work program for 2011, identifying the most efficient means to progressively move towards pilot production and eventual commercial production.

[armedical]

They finished 0.02 under yesterday's number. They have promising future and now is a good time to buy .

[protostars]

It's a good time to buy if their upcoming report shows real promise. If it does, it will probably be too late to buy on announcement of that news, even though this stock is still under radar.

[mwest]

nice look after yesterday's numbers 0.1775 a share and up 0.0095 ( 5.65%), nice going, and can't wait to experience their pilot production.

[stockseeker30]

What's amazing is that Tanzania is the third biggest gold producer in Africa after Ghana and South Africa great success is underway here no doubt about it.

[protostars]

The price of gold has opened up a lot of previously ignored prospects.

[mwest]

slightly down today but not numbers to be alarmed about, when dealing with Gold you cannot go wrong.

[stockseeker30]

According to reports Gold prices could average $1,500 per ounce next year and $1,600 by year-end in 2011, imagine all of that profit for those smart enough to invest and hold on.

[protostars]

It's true that there is no reason to believe they'll ever have trouble with the market when it comes to gold. Whole countries are economically imploding, demand for oil and food is set to drive inflation for years to come, and the U.S. seems unable to come to terms with it's massive debt crisis, not to mention the fact that it is becoming less and less competitive as a nation. Given all this, even fairly weak gold prospects will start to look good.

[QualityStocks]

Earth Dragon Resources (EARH.OB) Set to Turn Gold Into Earnings

The stated mission of Earth Dragon Resources is to purchase, develop, and produce high quality end-stage gold projects. Its current focus is in Africa, where it aims to progress from advanced exploration to early stage production of gold properties it already has in Ghana and Tanzania.

Africa is the world’s largest source of gold, with South Africa being the continent’s leading producer. Ghana is the second largest gold producing nation in Africa, with Tanzania, one of the fastest emerging gold producers, now the third.

In Ghana, Earth Dragon has identified an area of mineralized quartz veins averaging 1 meter in thickness, with similar findings in Tanzania. In both countries, the plan is to mine the quartz reefs in an open cast blast-shovel-haul operation, eventually reaching 20 tons per day. The ore will be processed using a continuous feed modular gold plant, which can be easily scaled up. Each operation is anticipated to produce between 4,000 and 10,000 troy ounces of gold per year, returning gross revenues estimated to be at least $18.8 million USD at projected prices.

Demand for gold is worldwide, but is currently strongest in China, India, and the Middle East. Although India is still the largest consumer of gold, China is fast becoming a major demand driver. As China continues to grow into an economic powerhouse, with an exploding consumer class, the demand for gold in all forms will continue to expand. And this is happening at a time when worldwide gold production is actually declining. Like oil, gold is getting harder to find. And it’s not hard to figure out what will happen to price if demand continues to increase faster than supply.

[armedical]

I do have to agree that gold is like oil in the demand versus supply ratio. These countries use gold in almost all aspects of her life so as they consume more and travel through out the world they will take these customs with them. This essentially means that the stock prices will continue to rise.